In Mexico’s famed beachy paradise destination, these seven upscale communities boast everything from lush gardens to scuba diving
The real estate market in Cabo San Lucas is booming like never before, and there’s no sign of a slowdown anytime soon.
Located on Mexico’s west coast in the state of Baja California Sur, Cabo, as it’s known, has had a glut of real estate development for the last several decades. The destination is a mainstay vacation home spot for buyers from California and Texas, and while sales have generally been strong over the years, they’ve exploded since the onset of the pandemic.
Saddia Rahaman, a real estate adviser with Engel & Volkers, who resides in Los Cabos, said that the company has seen $213.7 million in accepted offers so far in 2021, the second-best year in its history. In March of this year alone, Engel & Volkers had 1.22 sales per day, with the average price being $1.41 million.
“The market keeps getting stronger and stronger, and bidding wars are common,” says Rahaman. “Although there are many luxury real estate communities in Cabo, there isn’t as much inventory as you would think because we have had so much demand.”
Sales in specific communities also point to the growth: Villas Del Mar, the most upscale part of the master planned development of Palmilla, is on track to exceed $200 million in sales in 2021, more than a 100% increase from last year, according to director of sales Michael Baldwin.
Our roundup of seven high-end residential communities in Cabo includes one with unlimited Casamigos and a killer sports park, and others with an array of attractive amenities from beach clubs to spas that will have you wanting to buy a home and move in forever.
Chileno Bay Golf & Beach Club
Starting Price of Residences: $4 million
Also part of Discovery Land Company, the 1,200-acre Chileno Bay features an unbeatable setting on the Sea of Cortez framed with the backdrop of the Sierra de la Laguna mountains. In fact, each one of the 426 homes gets these dual views. The development is set on two miles of coastline and has a Tom Fazio–designed 18-hole course and has a large clubhouse with a spa, multiple pools, and a fine dining restaurant. There’s also a park with recreational fields, a kids’ club, and tennis and pickleball courts.
